Ethereum still in accumulation zone, what's next?
After Ethereum has been in a downward channel, it breaks the sequence at point #4, which remains in the accumulation range from previous days. This zone is extremely important because, as you can see, it has been moving within this area for several days, which means that the price could gain strength at any moment and start a bullish run. But NOTE: as long as the price remains within the channel, there will be no bullish run. We need to wait for the price to break out of the downward channel to confirm that it is heading back to the supply zone.
Thank you for supporting the analysis. ETH is at a point where adding a position might be considered; let’s hope the price makes a decision soon.
Thankyou for supporting my analysis i invite you to visit my analysis on Bitcoin
Use bitcoin price movement as a base of all the crypto market trend.
Best Regards
Thank you for supporting the analysis. ETH is at a point where adding a position might be considered; let’s hope the price makes a decision soon.
Thankyou for supporting my analysis i invite you to visit my analysis on Bitcoin
Use bitcoin price movement as a base of all the crypto market trend.
Best Regards
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